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NEW YORK (dpa-AFX) – The US stock exchanges could not escape the global market weakness on Thursday. The Dow Jones Industrial (Dow Jones 30 Industrial) was able to contain its early minus of about one and a half percent, but most recently it was 0.87 percent to 34 379.47 points. Experts cited persistent worries about the global economic recovery as a burden, which had already been blamed for some major losses in Europe and Asia.
The other major New York indices were also able to reduce their losses, but this prevented them from continuing the latest record rally. The market-wide S&P 500 fell 0.78 percent to 4324.05 points. The technology-heavy NASDAQ 100 was able to reduce its discount most significantly, after 1.7 percent in the low, it recently fell by only 0.42 percent to 14,747.77 points.
Because of the particularly contagious Delta variant, investors around the world are currently concerned that the rising number of corona infections will pose a threat to the economic recovery. In addition, the recovery in the US labor market paused last week. The number of initial jobless claims had risen somewhat.
In the Dow, it was some stocks from defensive sectors such as health care and retail that did relatively well. The papers of the pharmaceutical company Amgen and the supermarket chain Walmart recently moved just above their previous day’s level.
On the other hand, banks with larger losses emerged, especially Goldman Sachs with a discount of 2.7 percent. Yields on the bond market have recently fallen significantly. The yield on ten-year US bonds has recently dropped below 1.3 percent to a five-month low.
After the last strong run, the shares of Apple shied away from an attack on the previous 145 dollar record. After an increase of almost 18 percent since the beginning of June, they last lost half a percent on Thursday.
In the case of shares of Chinese companies with US stock market listing, the recent slide in prices continued unabated after the Chinese government announced the previous day that it would be subject to significantly stricter controls. The shares of the newly listed in New York driving service broker Didi (DiDi Global A) sagged by 4.5 percent. This was followed by Alibaba down 3.6 percent./tih/mis
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